Vienna Stock Exchange (afternoon) – ATX continues to decline | ...

Vienna Stock Exchange (afternoon) – ATX continues to decline | ...
Vienna Stock Exchange (afternoon) – ATX continues to decline | ...

The Vienna Stock Exchange recorded further price losses on Tuesday afternoon. The domestic lead index ATX fell by 0.78 percent to 2,201.46 points. The majority of the leading European exchanges were also somewhat weaker.

Economic data did not provide support for trade. The economic expectations of German financial experts surprisingly clouded over significantly in October in view of the growing corona uncertainties. As the Mannheim Center for European Economic Research (ZEW) announced, the indicator it collected fell by 21.3 points to 56.1 points. Analysts had expected a decrease to 72.0 points.

The US consumer price data published in the afternoon, however, turned out as expected. The inflation rate in September was 1.4 percent year-on-year, slightly higher than in the previous month. In August it was 1.3 percent. The core rate adjusted for goods susceptible to fluctuations such as energy was 1.7 percent. Analysts had expected this too.

On the company side, Vienna Airport presented traffic results in the morning. According to these, the group’s passenger volume at the three locations Vienna, Malta and Kosice was 702,984 travelers, 81.5 percent below the figures for the same month last year. The share initially reacted with a discount of just under 1.4 percent, but then contained its losses and was only 0.45 percent lower in the end.

As on the previous day, the burden for the ATX came primarily from the heavily weighted bank stocks. The shares of Raiffeisen Bank International lost 1.85 percent, the shares of Erste Group lost 1.46 percent and BAWAG shares fell 1.16 percent.

In the case of domestic insurers, the afternoon discounts were even stronger. The shares of UNIQA slipped with a minus of 2.65 percent at the end of the ATX and the shares of the Vienna Insurance Group (VIG) also lost a very significant 2.01 percent.

Post’s share certificates, in particular, were able to escape the weak environment with an increase of 2.10 percent. In addition, the shares in the plant manufacturer Andritz were able to build on their previous day’s profits, most recently rising by 0.86 percent. On Monday they were tightened by more than four percent.

(Final) dkm / sto

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